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308-310 Faneuil St, Boston,...

Real Estate Results, LLC Acquires Multifamily Property In Boston, MA For $1.26M
SOLDMultiFamily

Real Estate Results, LLC Acquires Multifamily Property In Boston, MA For $1.26M

308-310 Faneuil St, Boston, Brighton, Massachusetts, USA

$1,262,000

$361/SF

Building Size

3,490 SF

Asset Type

MultiFamily

Closing

Nov 9, 2021

AI

The multifamily property located at 308-310 Faneuil St in Boston, MA was recently sold for a total of $1,262,000. The sale took place on November 9, 2021. The property consists of 3 units, with a price per unit of $420,667. It spans across a total area of 3,490 square feet, with a price per square foot of $362.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,262,000
  • Date: 11/09/2021
  • Address: 308-310 Faneuil St
  • Market: Boston, MA
  • Units: 3
  • Price per Unit: $420,667
  • Square Footage: 3,490
  • Price per Square Foot: $362

The buyer was represented by Matthew Lane from Real Estate Results, LLC, while the seller was represented by The McLaren Team from Compass.

Players

Matthew Lane

Real Estate Results

Broker

$89.4M

vol

4 deals

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.57%

Cash-on-Cash

-3.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93